Tag: Libya

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Bad Weather Forces Libya to Shut Down Four Oil Ports as Exports Slump

Just as Libya's oil production began to recover, bad weather forced the closure of four (4) oil export terminals in the country's east, indicating that crude exports will be significantly...
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Algeria’s Sonatrach to Return to Libya After Eight years

Toufik Hakkar, the Chief Executive Officer of the Algerian National Oil Company (NOC), Sonatrach, stated on Monday, January 3rd, 2022, that the company is preparing to resume its suspended oil...
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Libya Overtakes Nigeria as Africa’s Leading Oil Producer

Libya has historically eclipsed Nigeria as the continent's top oil producer after surpassing Angola as Africa's second-largest oil production in December 2020. Nigerian oil production fell to 1.23 million barrels...
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Libya Hits Record-High Revenues for September amid Latest Oil Price Rally

The National Oil Corporation of Libya recorded $1.796 billion in monthly revenue from oil and related product sales in September, in a business record which is as a result of...
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Eni’s CEO Meets Libyan Prime Minister and NOC Chairman

Libyan Prime Minister Abdulhamid M. A. Dbeibah and Chairman of the National Oil Corporation (NOC), Mustafa Sanalla, met with Eni CEO Claudio Descalzi in Tripoli on Tuesday to discuss the...
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Libya Woos US Companies to Increase its Oil Production

Libya is reportedly asking for US oil companies to return to the oil-rich country, according to Bloomberg. Libya's oil minister, Mohamed Aoun, stated that he hopes U.S. corporations will return...
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Libya Needs to Increase its Oil Production by 40% to Sustain the Sector – Central Bank

Al-Siddiq Al-Kabir, the Governor of the Central Bank of Libya (CBL), has indicated that the country's oil production must increase by at least 40% by 2022 to support sustainable development....
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Shell may Resume Oil Activities in Libya Soon

Shell's delegation met with Libya's state-owned National Oil Corporation earlier this week, and it appears that the corporation will resume operations in the country. Shell representatives met with Mustafa Sanalla,...
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Oil Pipeline Leak to Reduce Libya’s Output by 70,000 b/d – NOC

Libya's National Oil Corporation (NOC) announced a pipeline breach on Monday, August 9, that will reduce production at the Gallo field by up to 70,000 barrels per day as the...
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Libya’s Revenues Hit a New High in May

The National Oil Corporation (NOC) of Libya announced that net revenues from crude oil, gas, condensates, petroleum products, and petrochemicals sales for May 2021 AD reached record levels, owing to...
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